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Search Results 0 to 49 of about 103 (some duplicates have been removed)
says that mr. obama wants big government, not a big economy. >> republicans have tried to persuade the president of the need for a course correction. but weeks of negotiations have shown that his commitment to big government is simply too great to lead to the kind of long-term reforms we need. >> question. when the negotiations started, president obama was looking for a big deal. $4 trillion in spending cuts and tax hikes. has the big deal turned into a big fizzle, pat buchanan? >> it has not, john. did it for awhile but now it is back, and we're talking about something close to adds 4 trillion deal. the president is deep in negotiations with boehner and cantor, and here are the terms. you raise the debt ceiling, at the same time there are 3 trillion in cuts, and they deal with social security and medicare. there is no revenue enhancement. however, you get together some kind of commission which what it does, john, it drops tax rates in return for giving away these deductions, exemptions, allowances, breaks, which in effect is pure reaganism. there's one problem with that. there's a
, no. now's the time to go big. get thing done for good. here he was, the president just this morning. >> i will not sign a 30 day or a 60 day or a 90-day extension. that's not an septemberabaccept approach. if it's hard now, how are the guys going to be thinking six months from now in the middle of an election season when they're all up. it's not going to get easier, it's going to get harder. we might as well do it now. pull off the band aid, eat our peas. now's the time to do it. if not now, when? >> brianna at the white house. bring us up to date. are the high stakes talks happening right this very second? >> as we understand it, brooke, these meetings continue here at the white house. president obama with top democrats and republicans in congress. you heard the tone that the president was striking there, like a parent trying to get two kids to share. he's been saying he's bending over backwards, giving up a lot and republicans are not. of course, that is his side of the story. if you were to think of him, he has a favorite child in all of this, right? the democrats. that's his par
house correspondent, and from cnn money. go big or go home. what is the republican push back? >> reporter: we're going to be finding out very shortly because house speaker john boehner will take to the cameras at 1:30 eastern essentially in the rebuttal to the news conference from the president earlier today. but the push back for republicans has been tax increases. you have republicans who have insisted on no tax increases, and democrats that insisted if there will be spending cuts, to achieve trillions of dollars in deficit savings. they don't want to abandon -- if there are going to be cuts to programs that are huge, they want to be able to say we pushed for sacrifices from wealthy americans and corporations. they are trying to strike kind of a just right agreement. because on one hand, you have a lot of republicans, and many of them who were swept into power in the last election saying we're going to cut spending and make government smaller, so the idea of tax increases, and certainly this is something a lot of them literally pledged they will not do, randi, it would forc
14% in taxes and corporations pay 0%, and you raise more, you can have us a big deal here. >> they're still drawing lines in the sand that seem insurmountable with weeks to go before the august 2 deadline, congressional leaders are heading back to the white house today for yet another meeting to reach a deal on raising the country's debt ceiling. officials familiar with the negotiations say majority leader eric cantor dominated yesterday's meeting. cantor laid out what was agreed upon in the deficit reduction talks led by vice president biden, specifically $2 trillion in cuts in the next decade. the figure includes $1 trillion in discretionary spending. $200 billion in medicare and medicaid. and $200 billion to $300 billion on saved interest in the debt. >> so the military -- the military, i guess, comes in in the mandatory discretionary spending. >> military. >> sources familiar with the talks add that after the presentation president obama said the two sides might be able to reach consensus on roughly $1 pp 7 trillion. but there are still some issues to resolve. at one point in t
as well. so we need to do something big. >>> plus, decline of an empire? murdoch makes the cover of "time." the uk makes another arrest. and u.s. lawmakers demand investigations into news corp's actions here at home. >>> strikeout. why did the judge just declare a mistrial in the roger clemens' perjury case? >>> good day. i'm andrea mitchell live in washington. it's round five of the debt talks today. coming off the most heated exchange yet in the debt negotiations between president obama and republican leaders. eric cantor says the president all but stormed out of the last meeting. democrats have a different story. their version is that in fact, it was the republicans' fault. major garrett is congressional correspondent. here we are unveiling the cover as we do every week of the "national journal." let's talk about these negotiations. we've got he said/he said, basically. you have two sides accusing each other of storming out. it clearly got a little bit testy. >> it got testy -- >> we're told cantor interrupted the president several times. >> eric cantor was persistent, i'm sure. eric c
in three weeks the president continued to press for a big deal to raise the debt ceiling and to reduce the deficit by $4 trillion. >> i am still pushing for us to achieve a big deal. but what i also said to the group is if we can't do the biggest deal possible, then let's still be ambitious. let's still try to at least get a down payment on deficit reduction. we are obviously running out of time. and so what i have sd to the members of congress is that you need over the next 24 to 36 hours to give me some sense of what your plan is to get the debt ceiling raised through whatever mechanisms they can thk about anshow me a plan in terms of what you are doing for deficit and debt reduction. if they show me a serious plan, i'm ready to move. even if it requires some tough decisions on my part. and i'm hopeful that over the nextouple of days we'll se this long jam broken because the american people i think understandably want to see washington do its job. >> charlie: president obama ruled out a 2.4 trillion plan proposed by house republicans. >> my expectation is thayou will probay see the h
tough choices for a big budget deal. today he said without a deal there may not be enough money to send out social security checks. for many republicans in congress, opposing tax has become more than ideology. it's become religion. they're abdicating now their responsibility to co-govern. how are we ever going to get a deal if republican leaders more afraid of the tea party than they are of the economic collapse to come? >>> also, pray away the gay. michele bachmann's husband says the christian counseling practice he runs does not try to pray gay straight, but the video tells a different story. this may make michele bachmann more popular with her base, but what after everyone else? >>> plus, the murdoch scandal keeps getting bigger and bigger. gordon brown told the bbc that murdoch people used known criminals to get access to his personal information and try to bring down his government. the story has now hit the "sunday times" of london and his company stock is sinking. how bad will this get? jon stewart and british ex-pass had fun, a lot of fun, actually, with the murdoch story. that'
the band-aid. eat our peas. >> reporter: of course, taxes remains the big sticking point. the president, though, insisting that nothing would change before 2013 so it would not happen during a difficult economic environment, but house speaker john boehner saying that there's no reason to raise taxes in order to control spending. he believes the best way to get revenue is by improving the overall economy by creating jobs. he says he is willing to get a deal done with democrats and the white house, but, in his words, it takes two to tango and they are not there yet. >> dan lothian at the white house, thanks. >>> the debt crisis overseas sending a chill through wall street this morning. less than half hour before the opening bell, u.s. stocks may be headed for another rough day. ali velshi is joining us live from new york. ali, what does it mean? >> well, you know, first of all, futures seem to be leveling out a little bit, kyra. a couple of things going on here. one as dan was just saying, we just heard from the treasury secretary who is making a speech and he says he is expecting a deal
" that is the perfect song for summer. >> we've got another beautiful day at central park. another big crowd gathering. can't wait to get to that. >>> we also have a lot of news this morning. let's get right to that collision on the taxiway in boston last night. hundreds of passengers evacuated after the wing of a delta jumbo jet clipped the tail of another jet just months after a similar collision here in new york and abc's lisa stark is tracking this overnight. good morning, lisa. >> reporter: good morning, george. well, it was two delta flights, both loaded with fuel. ready for takeoff. one rams into the other. it could have been much worse. this photo taken from inside the 767 clearly shows the damage. the wing tip of the jumbo jet sliced apart. the tail of the regional plane badly mangled. >> people were freaking out. the girl next to me was right by the wing was ying. and was trying to jump out of the emergency exit for a little bit. >> everybody said, what happened? >> reporter: it was still light out, around 7:3030ast night when the planes collided. the regional jet apparently turned on to a t
and those three-month lows for the euro so pretty bleak picture. >>> at the united states a big sell-off on wall street. major averages tumbled, major worries. financial and technology shares were among the biggest losers on monday, bank of america, citigroup, jpmorgan chase and wells fargo all closed roughly 3.5 to 5.5% lower, so really this is touching off fears of a broader financial crisis and don't let's forget the whole situation of the biggest slowdown in the world economy since the 1930s started with the financial crisis and now the worry is with he might go there again. at the close of the play there were triple digit losses for the dow, nasdaq, each closed roughly 2%. painful, pauline. >> let's look at the stock market futures and trading session in the u.s., it's right across the board as well, here's where the u.s. futures stand in premarket action the dow poised to open down by almost 1%, about the same amount for the nasdaq. the nasdaq ended monday's session down 2%, so that's not good news there. also the s&p 500 poised to start the session on tuesday down by 1.25%. we
. these are big proximate but we're a big country and we'll solve it. >> reporter: now, the main issue he's going to have to teal with is why he decided to hire andy colson who was later arrested as part of the investigation into the phone hacking. this is something that was brought up yesterday in the hearings and it turns out that his chief of staff actually warned the british police not to brief the prime minister on these phone hacking issues. lawmakers today are clearly going to try to get to the bottom of this as you can imagine from the opposition labor party. >> david cameron said he didn't know about this either. thanks so much. >> it's going to be hard to top the intensity of what happened yesterday. the theater of yesterday's phone hacking hearings. two hours after telling parliament it was the most hufble day of his life, rupert murdoch took a pie in the face. a 26-year-old man armed with a pie full of shaving cream nails rupert murdoch from behind saying you greedy billionaire and it didn't take long for murdoch's wife there, leapt to her husband's defense. she tried to clock the guy
or not the italian banks have enough cash on their balance sheets. we've seen quite a big turn-around in the market. many stocks opening lower by as much as 5% to 10% and now trading in positive territory after the finance minister, the economy minister is heading back to rome from brussels and will be looking at the austerity measures and pushing them through. >> we know yesterday the dow down 151 points, the biggest drop in over a month. thanks so much for bringing us up to speed, we appreciate it. >>> else where, hundreds of syrian government protesters stormed the u.s. and french embassies in damascus, the protesters smashing windows and spray-painting walls with obscenities aimed at the american ambassador. guards at the french embassy fired into the air to ward off the demonstrators there. some warning shots. the violence and tension follow as visit by the american and french ambassadors to the city of hama, stronghold of opposition to the president. during a joint press conference at the state department, secretary of state hillary clinton warned assad about inciting future attacks. >> presi
. nonweather-related. >>> coming up, stocks stumble, big deals in the works. >>> and a costly online business hiccup. your "first look" at this morning's business headlines is straight ahead. >>> the sluggers swing for the fences and one player turns a home run derby into a family affair. this past year alone there was a 93% increase in cyber attacks. in financial transactions... on devices... in social interactions... and applications in the cloud. some companies are worried. some, not so much. thanks to a network that secures it all and knows what to keep in, and what to keep out. outsmart the threats. see how at cisco.com cisco. >>> weshl web welcome back to "first look." afghan president's hamid karzai's half-brother was shot and killed today in his own house by a friend. to critics, ahmad walid karzai had become a symbol of corruption within the karzai administration. >>> supporters stormed the u.s. and french embassies in damascus, wednesday. this, as secretary of state, hillary clinton, said assad has lost legitimacy in the wake of the country's brutal crackdown on protesters. >>> the
down. >> to emphasize why this matter, this is as big a crisis in britain in a generation plus. it's the police, political establishment, media establishment and the most important media person in the u.s. which is rupert murdoch. not to cover this would be journalistic malfeasance. >> you have the democratic senatorial campaign putting out a statement. you wouldn't see that liberals who don't like rupert murdoch are just milking this for all it's worth? >> if this had no connection whatsoever to the nature of the operations, especially through fox news, you might say they're reaching. since the basic accusation that michael wolf was saying, that murdoch is using his media power for political ends is similar in the u.s. and the u.s. it's natural the democrats would say this. >> on your media blog at "the washington post" you took on a story about the difference between british and american journalism. you say basically we should come out and say british journalism standards are sleazy and destructive. you think we're dancing around this? >> in this particular iteration, i couldn't
the heat from the right. he still wants the big deal that would include perhaps cuts in medicare, medicaid and even social security, and with them tax increases. john boehner responded quickly. no to any tax increases, period. well, my question tonight, do republicans want to deal with really tanking the economy to say no to taxes? the face of the deadlock. the president said both sides have people who refuse to compromise. tonight one from each camp. democrat and tea party republican. i'll ask them what price they'll will be to see the country pay so they can stick to their positions. >>> also, not so excellent adventure. both michele bachmann and rick santorum signed a so-called marriage vow from a conservative group that suggested african-americans had a better family life under slavery. who writes this stuff? and worse yet who would sign on to such stuff? by the way, bachmann leads the pack in a new iowa poll, and a scandal keeps getting bigger. a report the tabloid targeted former prime minister gordon brown's voicemail and bank account. how far will this scandal go? and let me finish
! why is he introducing it? >> i think the president is acting in good faith. i think he wants a big deal. i think he will take cuts that contracts won't want and take taxes. because his presidency and the future of the country -- he believes -- [everyone talking at once] >> socialistic. that what you're saying. >> vaguely socialistic, yes. >> when they came out with the report he said -- >> what is that report? >> that's a report that deals with the long-term deficit problems of this country. >> they recommend taxation, do they not. >> they had a whole series of recommendations, and the president said i will stand by what they did, except they're still waiting for him to stand by them. >> he's never taken it seriously, in not in his budget, not in his budget state, know when bowl simpson came city. not when they wanted a clean debt limit increase. so that he is winning a debate over the fiscal future of the country is astonishing! and. >> but he's keeping something else off page one! what is it? >> this is a genuine. >> the unemployment problem? it doesn't even figure in this. >> co
this theater for however long it's been now really pumps it up. i never thought there was going to be a big deficit or debt reduction deal between the two parties because it's not in the interest of either party. i think the republicans were tactically terrible because they allowed obama to sort of portray himself or present himself as the one who is above the fray and who is interested in making the most cuts to the budget and to the debt going forward. and then making it appear, not appear but it's true, the republicans are walking away from a real deal to cut spending in this country. also, it gave obama and the democrats a chance to spotlight the republicans position on taxes. there's no way to get a handle on budget deficits over the long term debt without raising somebody's taxes. >> if this is raising the white flag, if this is going against the base, what is the difference between this and cutting a deal on tax loopholes and other things that would not impact their message overall. what makes this better? >> this is horrible. >> it's stupid. >> it's a nightmare. it's cynical. the se
into phone hacks and bribes to the police. >>> some of the other big stories we're keeping an eye on. we are learning president obama plans to meet with house and senate democratic leadership this afternoon at the white house. 2:50 p.m., to be exact. this all because we're less than two weeks away from the federal government defaulting on its obligations, and congress has yet to work out a deal. president obama's debt-cutting plan can't pass the house and the plan from house republicans can't pass the senate. house speaker john boehner reiterated tuesday that default is not in the cards. and also on tuesday, the so-called gang of six unveiled their plans. it was called, quote, more plan to have a plan. republicans are united against any tax increases, and democrats are against inentitlement reform. >>> american airlines is replacing its fleet with hundreds of new planes from boeings and airbuses. the new aircraft order will replace the fleet with more fuel efficient planes. it calls for 460 planes. boeing says the new planes are 5% more fuel efficient than older generations that were bui
on energy prices. by the way, there was a big argument on at in "the economist." what has happened is, information technology greatly increase liquidity has transformed that. there is not a consensus within the financial pages that people talk about the impact of speculation. it is a given. republicans are trying to keep them from doing anything about speculation. those are the had on a tax that we have. there is a more subtle one, this attack on a risk retention. i believe that risk retention is the single most important piece of this bill. you know, the response when we used to say there was a problem, what was supposed to be the substitute for risk retention -- the rating agencies. the rating agencies were the ones. you did not need to have the latter worry about this because you could go ask the rating region -- agencies. now, the rating agencies are trying to overdo it. the people who told us that subprime loans were good are now telling us that it is not good. i think they were wrong in both times. that is one of the things that i really wanted to address now. it does of all me
think it's got to work on a big scale. and i think it's got to be affordable. >> so, where are they? >> it has to work in the real world. at chevron, we're investing millions in solar and biofuel technology to make it work. >> we've got to get on this now. >> right now. the william and flora hewlett foundation, working to solve social and environmental problems at home and around the world. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: another blistering forecast greeted millions of americans today. the unrelenting hot weather broke a series of records, and triggered warnings in state after state. >> judging by the -- large portions of the country the sweating is way from over with temperatures over 100 degrees and above. >> how hot do you think it is. >> 109. >> in wichita, a high yesterday of 111 degrees, breaking a record set in 1982. it was expected to hit 103 today, the 20th straight day of t
for the tabloids. host: what about the broadsheets? guest: it is known occasionally. there was a big scandal about mp's expenses last year, which came from information that is the voice of -- information that is the will serve and got on a computer disk. my newspaper paid for that because they thought it was in the public interest. that is a rare instance of a broadsheet paper paying for information. for the tabloids, we call it checkbook journalism. salacious information about a night out on the town with a celebrity or pop star or encounters with celebrities. that culture has grown and become more insidious over the past 20 or 30 years. host: how would you describe, to help put it in perspective -- by the way, we will put the numbers on the screen as we continue this conversation about the phone hacking investigation in the u.k. prime minister cameron spoke this morning at a problem about it and we carry that live on c- span -- spoke this morning in parliament about it and we carry that live on c-span2. we carry rupert murdoch and rebekah brooks yesterday and we will speak about that. how do you
with the pie. [unintelligible] host: do you think that this is a big deal at all? in aer: in a way, yes, and a way, no. he is a nice man, but he is too old. it takes a man that this young to do something like that host: do you think you could run all of those companies? caller: me? i am a painter. host: i know. i have your painting in my office. caller: my wife is looking at me and telling me to tell you good morning. host: good morning. send me your e-mail address and i will send you a picture of it in profit -- in my office. caller: listen, my wife's birthday is tomorrow, she turned 81. host: that is right. you married an older woman. mr. peterson, you enjoy that heat wave in texas. we have got to get moving. we appreciate it. this would message, regarding the phone hacking scandal -- host: mike is a republican in arizona. hello. caller: i can see this going on in great britain, i guess the police are involved. but then they are doing it for us in the same manner. scanning e-mails, looking for certain words and what ever. i do not see any difference. i mean, they are exchanging inform
Search Results 0 to 49 of about 103 (some duplicates have been removed)